Mixed use for sale

For sale is a large, four-story building in the popular area of St. Margaret’s Road, Twickenham, London TW1 2AA. This building is up for auction and it offers a combination of business and residential spaces.

The building houses two business spaces, one in the basement and the other on the ground floor. Additionally, it has three residential spaces: a studio flat on the mezzanine level and two-bedroom flats on the first and second floors. As an investment, this building currently generates an annual income of £98,400.

Located in a wealthy area of southwest London, the building is conveniently situated across from St. Margarets railway station. It is part of a shopping district that caters to both residential and commercial needs. St. Margarets Road provides quick access to West London and the nearby Twickenham Stadium. With a variety of shops, restaurants, and amenities in the vicinity, it’s an ideal location for both residents and businesses.

The building holds potential for conversion into additional residential spaces, subject to planning permission. Alternatively, the basement and upper parts could be rented out for extra income. This property offers a multitude of options for prospective buyers. Don’t miss this unique opportunity. Contact us today to schedule a viewing.

Accommodation

Substantial freehold four storey mid terrace building arranged as 2x commercial units and 3x upper residential parts.

Basement Floor:

Commercial use – Isaac’s Coffee

2 rooms, 4 storage rooms, rear yard.

Let on a lease for a term of 15 years from 01/05/2023 at a rent of £14,400 pa (First rent review on 01/05/24 and then every 3 years thereafter)

EPC – C

Ground floor

Commercial use – David Masters Salon

2 rooms

Let on a lease for a term of 20 years from 24/06/09 at a current rent of £23,000 pa (Rent review every 5 years with next review on 24/06/24)

EPC – C

Mezzanine level

Residential use

Studio flat

Let on a rolling tenancy for a term of 1 year from 01/02/2024 at a rent of £13,140 per annum

EPC – TBA

First Floor

Residential use

2 bedrooms, open plan reception room/kitchen, shower room/WC

Let on a rent of £24,000 Per Annum

EPC – C

Second Floor

Residential use

2 bedrooms, open plan reception room/kitchen, shower room/WC

Let on a rolling tenancy for a term of 6 months from 12/07/2023 at a rent of £24,000 per annum

EPC – TBA

Total rent reserved:

£98,400 per annum (Fully Let)

Buyer’s Premium

Upon the fall of the hammer, the buyer is required to pay a 10% deposit. In addition, a buyer’s premium of 2% of the sale price, plus VAT, is due upon the exchange of the contract.

In the event of a successful offer, we will require two forms of ID in compliance with the Anti-Money Laundering Act. Acceptable forms of ID include a passport or a driving licence.